In certain cases, applicants may need to partner with a “Fiscal Sponsor” to apply for a grant from the Tompkins County Tourism Program.
The Tompkins County Tourism Program allows fiscal sponsors to apply for Community Celebrations grants and Tourism Advancement grants on behalf of sponsored organizations.
Grant seekers who do not have an established nonprofit organization can work with a fiscal sponsor to seek grant funding in certain circumstances. The Tourism Program calls these applicants sponsored organizations.
A fiscal sponsor is an established nonprofit organization that provides legal and financial oversight to projects with a charitable purpose. A fiscal sponsor allows the grant applicant to seek funding under their tax-exempt umbrella.
The fiscal sponsor is the official recipient of the grant funds and is responsible for ensuring the funds are used appropriately, adhering to the grant's terms and conditions. The sponsored organization is responsible for planning and completing the project.
Fiscal sponsors may choose to work with only grant applicants whose missions are aligned with theirs. No organization is obligated to serve as a fiscal sponsor. In addition, fiscal sponsors may require that a portion of grant funds pay their administrative costs.
In the grant application the fiscal sponsor should be listed as the grant applicant. The fiscal sponsor should fill in the sections titled “Organization” and “Primary Contact.” The grant application also asks that fiscal sponsors provide a letter (on their letterhead) which confirms the sponsorship arrangement and a nonprofit determination letter from the Internal Revenue Service.
The sponsored organization should fill in the section of the application titled “Sponsored Organization” and provide all other details regarding the project proposed. This includes the project information, marketing plan, budget, and all other information required in the application.
Groups that routinely use fiscal sponsorship for grant applications should consider incorporating as standalone nonprofit organizations.